Xcite Energy Limited ("Xcite Energy" or the "Company") Drilling Contract for "Rowan Norway" N-Class Jack-Up Rig
February 14 2011 - 1:00AM
Marketwired
Xcite Energy is pleased to announce that its 100% subsidiary, Xcite
Energy Resources Limited ("XER") (TSX-V: XEL) (LSE: XEL) (AIM:
XEL), has entered into a binding drilling contract with British
American Offshore Limited("BAOL"), part of Rowan Companies, Inc.
for the N-Class "Rowan Norway", a harsh environment, deep water
jack-up unit, designed and built for simultaneous drilling and
production, which is currently under construction.
The Rowan Norway is expected to be used to commence the first
stage production of the Bentley field, the planning for which is
currently being undertaken. XER expects the Rowan Norway to be made
available in the fourth quarter of 2011.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
THIS ANNOUNCEMENT IS NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES
ENQUIRIES: Xcite Energy Limited +44 (0) 1330
826740 Richard Smith Chief Executive Officer Rupert Cole Chief
Financial Officer Arbuthnot Securities Limited (Nomad and
Broker) +44 (0) 207 012 2000 Antonio Bossi Director Pelham Bell
Pottinger +44 (0) 207 861 3232 Mark Antelme Director Paradox
Public Relations +1 514 341 0408 Jean-Francois Meilleur
Consultant
Xcite Energy Limited (TSXV:XEL)
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